41st Annual General Meeting of the Members of the Company
Awaiting price reaction for this filing.
Niwas Spinning Mills held its 41st AGM on September 30, 2025, in Solapur, where all three resolutions were passed with the required majority. Resolution 1 covered the adoption of audited financial statements for the year ended March 31, 2025. Resolution 2 approved the re-appointment of Mr. Aditya V. Jaju (DIN: 02625781) as a Director, who retires by rotation. Resolution 3 approved the re-appointment of Mr. Vijay R. Jaju (DIN: 00081475) as Managing Director for a further three years with effect from February 1, 2026. A total of 61 members participated, casting 58,20,645 votes (41.31% turnout), with voting conducted through CDSL remote e-voting (Sept 27–29) and ballot paper at the venue. All votes (100%) were cast in favour of every resolution, with zero votes against and no invalid votes.
Shareholders have reposed full confidence in the current management, with the Jaju family continuing to lead the company – Vijay R. Jaju as Managing Director for another three-year term. The clean, uncontested outcome suggests stable governance and continuity, though the relatively modest 41.31% voting turnout indicates limited broader shareholder participation.